Community Health Systems Stock Falls 12% After UBS Cuts Price Target
UBS lowered its target to $2.55 from $3.00 and kept a Neutral rating, days after the company cut its full-year guidance.
Key points
- UBS cut its price target on Community Health Systems to $2.55 from $3.00 and kept a Neutral rating
- Shares fell 12.5% Monday, Nov. 2, as the S&P 500 ETF fell 0.48%
- Q3 2026 revenue was $2.76 billion, down 11% year over year
- Q3 2026 net loss of $86.0 million vs. net income of $130.0 million a year earlier
Community Health Systems (NYSE: CYH) fell 12.5% on Monday after UBS cut its price target on the hospital operator to $2.55 from $3.00. The stock closed at $2.10, down from a previous close of $2.40, while the S&P 500 ETF (SPY) fell 0.48%. Volume ran at three times its usual level.
UBS trims target but keeps Neutral
UBS kept its Neutral rating on the stock and lowered its price target to $2.55 from $3.00. The research action was logged after the close on Oct. 30, so Monday was the first session to trade on it.
Guidance cut came first
The company reported third-quarter 2026 results in a filing dated Oct. 28 and cut its full-year guidance. Revenue for the quarter was $2.76 billion, down 11% from a year earlier. Operating income fell 40% to $146.0 million. The company posted a net loss of $86.0 million, compared with net income of $130.0 million a year earlier.
Cash against the quarterly loss
Cash and equivalents stood at $155.0 million as of Sept. 30. Before the move, the company's market capitalization was about $338 million. The company did not give a reason for UBS's change beyond its filing.
Written with AI from SEC filings and market data, and checked against those sources before publishing. Our editorial standards.
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More on Community Health Systems
CYH page →Filings, figures and price history are on the Community Health Systems page.